Breaking News: Investing
GameStop shares jump after CEO steps down, ‘Roaring Kitty’ raises stake
Shoppers wait for a GameStop store to open on at the Tysons Corner Center, in Tysons, Virginia, November 27, 2020. Hannah McKay | Reuters GameStop rallied on Monday after the brick-and-mortar video game retailer announced its succession plan as it seeks to pivot to e-commerce following a historic Reddit-fueled short squeeze earlier this year. Shares of …
SPACs break 2020 record in just 3 months
Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images) Photo by Johannes Eisele | AFP | Getty Images It took the SPAC market just three months to …
Treasury auctions are normally mundane affairs, but Wednesday’s could make or break the stock market
Traders work on the floor of the New York Stock Exchange. NYSE Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation. “It’s been a long time since stock traders have cared about bond auctions,” Matt Maley …
Goldman’s bet to break into a $32 billion industry serving the world’s biggest corporations
Hari Moorthy, Goldman Sachs global head of transaction banking. Source: Goldman Sachs Goldman Sachs wants to help any company in the world become a bank. The firm has just released software that allows clients to embed banking services into their own products as part of a push to break into the $32 billion a year …
Stock futures flat after the market notches its best quarter in decades
Stock futures dipped in overnight trading on Tuesday as the market is set to kick off a new quarter after a remarkable comeback. Futures on the Dow Jones Industrial Average traded about 100 points lower. The S&P 500 futures and the Nasdaq 100 futures fell 0.2% and 0.1%, respectively. Trading volumes were thin. The market just notched …
This oil price crash isn’t as bad as it seems — here’s why
Something that’s never happened in the oil market is happening today: negative prices on an oil contract. While many people may see this and think the overall price of oil is negative, there’s nuance. The short answer is that no, not all oil is free. The picture in the market is not as bleak as …
Stock futures point to losses after Wednesday’s rally
Stock futures moved lower in overnight trading, pointing to losses at the open on Thursday. The move pointed to a loss of 50 points, or 0.2%, for the Dow, with the S&P 500 and Nasdaq-100 slated to open 0.3% and 0.6% lower, respectively. Stocks surged on Wednesday, with the major averages spending the entire session …
Oil drops more than 8%, breaking below $30
Zhengsheng | Getty Images Oil prices slid more than 8% on Monday as the acceleration in coronavirus cases worldwide, which is bringing travel and business to a standstill, further dents global demand for crude. U.S. West Texas Intermediate crude dropped 8%,or $2.54, to trade at $29.19 per barrel. International benchmark Brent crude fell 10.4%, or …
Sell-off deepens, trading halted, S&P 500 heads for bear market
Traders work on the floor of the New York Stock Exchange (NYSE) on March 09, 2020 in New York City. Spencer Platt | Getty Images This is a live blog. Check back for updates. 8:26 am: Carnival Corp. halted due to news pending Shares of cruise operator Carnival Corp. were halted for trading due to news …
The outcome of the US, China trade negotiations will make or break these stocks into year-end
Chinese President Xi Jinping (R) and US President Donald Trump at the Great Hall of the People in Beijing on November 9, 2017. Nicholas Asfouri | AFP | Getty Images (This story is part of the Weekend Brief edition of the Evening Brief newsletter. To sign up for CNBC’s Evening Brief, click here.) After nearly …